Fredrik H. Westerhout - Mar 10, 2024 Form 4 Insider Report for KADANT INC (KAI)

Role
Vice President
Signature
/s/ Stacy D. Krause, by power of attorney
Stock symbol
KAI
Transactions as of
Mar 10, 2024
Transactions value $
-$210,261
Form type
4
Date filed
3/12/2024, 07:42 AM
Previous filing
Mar 7, 2024
Next filing
Nov 19, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction KAI Common Stock Options Exercise +130 +9.37% 1.52K Mar 10, 2024 Direct F1
transaction KAI Common Stock Tax liability -$21.3K -65 -4.28% $327.00 1.45K Mar 10, 2024 Direct
transaction KAI Common Stock Options Exercise +383 +26.38% 1.84K Mar 10, 2024 Direct F2
transaction KAI Common Stock Tax liability -$62.1K -190 -10.35% $327.00 1.65K Mar 10, 2024 Direct
transaction KAI Common Stock Options Exercise +85 +5.17% 1.73K Mar 10, 2024 Direct F3
transaction KAI Common Stock Tax liability -$14.1K -43 -2.49% $327.00 1.69K Mar 10, 2024 Direct
transaction KAI Common Stock Options Exercise +583 +34.56% 2.27K Mar 10, 2024 Direct F4
transaction KAI Common Stock Tax liability -$94.5K -289 -12.73% $327.00 1.98K Mar 10, 2024 Direct
transaction KAI Common Stock Options Exercise +112 +5.65% 2.09K Mar 10, 2024 Direct F5
transaction KAI Common Stock Tax liability -$18.3K -56 -2.68% $327.00 2.04K Mar 10, 2024 Direct

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction KAI Restricted Stock Unit Options Exercise $0 -130 -100% $0.00* 0 Mar 10, 2024 Common Stock 130 $0.00 Direct F1
transaction KAI Restricted Stock Unit Options Exercise $0 -383 -50% $0.00 383 Mar 10, 2024 Common Stock 383 $0.00 Direct F2
transaction KAI Restricted Stock Unit Options Exercise $0 -85 -50.3% $0.00 84 Mar 10, 2024 Common Stock 85 $0.00 Direct F3
transaction KAI Restricted Stock Unit Options Exercise $0 -583 -33.33% $0.00 1.17K Mar 10, 2024 Common Stock 583 $0.00 Direct F4
transaction KAI Restricted Stock Unit Options Exercise $0 -112 -33.53% $0.00 222 Mar 10, 2024 Common Stock 112 $0.00 Direct F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The shares represent the partial settlement under a time-based RSU award granted March 9, 2021. One-third of the RSU vested and became distributable on March 10, 2024 and was converted to common stock on a one-for-one basis on the vesting date.
F2 The shares represent the partial settlement under a performance-based RSU award granted March 8, 2022. One-third of the RSU vested and became distributable on March 10, 2024 and was converted to common stock on a one-for-one basis on the vesting date.
F3 The shares represent the partial settlement under a time-based RSU award granted March 8, 2022. One-third of the RSU vested and became distributable on March 10, 2024 and was converted to common stock on a one-for-one basis on the vesting date.
F4 The shares represent the partial settlement under a performance-based RSU award granted March 7, 2023. One-third of the RSU vested and became distributable on March 10, 2024 and was converted to common stock on a one-for-one basis on the vesting date.
F5 The shares represent the partial settlement under a time-based RSU award granted March 7, 2023. One-third of the RSU vested and became distributable on March 10, 2024 and was converted to common stock on a one-for-one basis on the vesting date.